In a significant development, Masakazu Tokura, Chairman of the Japan Business Federation, highlighted the potential for collaboration between China and Japan, emphasizing mutual benefits and common progress despite existing differences. The statement came during a visit by a Japanese business delegation to China, consisting of 200 representatives from Japanese companies, marking the first of its kind in four years.
The delegation, currently on a visit from Tuesday to Friday, met with China’s Minister of Industry and Information Technology, Jin Zhuanglong, who stressed the highly integrated and complementary nature of industries in both countries. He emphasized the importance of strengthening bilateral industrial chain cooperation, aligning with market rules and meeting the real needs of respective industries.
Chinese Premier Li Qiang also met with the business delegation in Beijing, expressing hope that the Japanese business community would play a positive role in fostering win-win bilateral cooperation.
Kosei Shindo, head of the Japan-China Economic Association leading the delegation, stated during a press conference that the visit provided an opportunity for both sides to reconsider their bilateral economic exchanges. The reaffirmation of the position to comprehensively advance strategic and mutually beneficial relations between China and Japan was a recurring theme during the visit.
Masakazu Tokura listed areas of potential collaboration, such as addressing common challenges like aging populations and low birth rates, along with deeper cooperation in green transformation. Japan Chamber of Commerce and Industry Chairman Ken Kobayashi stressed that despite differences in national systems and conditions, China and Japan could cooperate, highlighting the shared use of Chinese characters in proposing the “strategic and mutually beneficial relations.”
The visit is seen as creating valuable opportunities for direct dialogue between Japanese and Chinese business communities, contributing to the forward momentum of bilateral relations. The leaders of both countries had previously reaffirmed their commitment to advancing strategic and mutually beneficial relations during a meeting in San Francisco in November.
Shindo emphasized that China and Japan could work together to tackle global challenges, including climate change, and explore cooperation in medical, nursing, and emerging industries. He envisioned the two countries contributing to the stability of Asia and the world through regional communication under the Regional Comprehensive Economic Partnership.
China and Japan, as Asian neighbors and the second- and third-largest economies in the world, respectively, share a complex economic relationship. Despite occasional differences, both nations recognize the potential for collaborative efforts to address common challenges and contribute to global stability.
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